Customs facilitation reform urged by Thailand’s finance minister to boost automotive sector

Arkhom Termpittayapaisith, the esteemed Finance Minister, has recently issued an appeal to the Customs Department of Thailand to streamline the customs facilitation formalities for both exports and imports. His appeal is aimed especially at boosting the activity of the automotive field.

Following a discussion held with a group of investors from Japan in the core of June, Arkhom instructed the department to better customs facilitation, thereby enhancing and accelerating the processes involved in import and export. This is deemed crucial given the significant presence of Japanese investors in the country, particularly within the automotive industry’s realm. They utilise Thailand as a major production base and source of raw materials.

A prominent issue globally within the automotive industry has been the critical shortage of certain electronic…